VINACHEM

Global Carbon Capture Chemicals Market was valued at USD 1,462 million in 2024 to USD 5,341 million in 2035. Fact. MR’s extensive study shows that the market will expand at a growth rate of 12.5% from 2025 to 2035.

Carbon capture chemicals are a rapidly transforming market with sectors interested in pursuing environmentally friendly choices to reduce carbon impressions. There are stringent emission regulations along with a decarbonisation command, the chemicals are also significant to trap and store CO₂ emissions from power plants, refineries, and production facilities. Innovation in sodium hydroxide, amine-based solvents, ammonia, and calcium oxide chemicals has also increased efficiency that more economic carbon capture is possible.

The industry is also witnessing a transition towards bio-based absorbents and solvent recycling technologies, reducing the footprint on the environment and being more cost-effective. The joint agreements between producers of chemicals and providers of carbon capture technology are driving innovation, with a prospect of having an era where economic growth and industrial sustainability exist side by side. Regional adoption differences indicate various regulatory regimes and stages of industrial development, impacting market conditions.  – Source: GLOBE NEWSWIRE